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S 2165 117th Congress Senate Education Bank accounts, deposits, capital Education programs funding Elementary and secondary education Income tax exclusion Military personnel and dependents Student aid and college costs

Education Savings Accounts for Military Families Act of 2021

Introduced: June 22, 2021 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 22, 2021
Read twice and referred to the Committee on Finance.
Jun 22, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

Education Savings Accounts for Military Families Act of 2021

This bill directs the Department of Education (ED) to establish a program to provide children with parents on active duty in the uniformed services with funds to pay educational expenses.

Specifically, ED must establish a tax-exempt Military Education Savings Account for dependent children of parents in the uniformed services for the payment of the children's educational expenses. Funds in the savings account may be used for specified purposes, including the cost of attendance at a private elementary or secondary school or institution of higher education, private tutoring, or costs associated with an apprenticeship or other vocational training program.

What's happening now June 22, 2021

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3